Watch the brief video How FBN Works
How the Program Works
The Basic Plan includes:
♦ Employee Benefits Depot
♦ Financial Learning Center
♦ Career Transition Strategies
♦ Insurance Store
Options include:
♦ Total Rewards Statements
♦ Online Enrollment
An introduction to the FBN modules:
Total Rewards Statements
The Total Rewards Statement is a customized report reflecting the full monetized value of an individual’s potential compensation package – the “hidden paycheck.”
It is a dynamic sales tool for recruiters and a great retention tool for current employees.
An itemized snapshot of the cash value of each benefit that a candidate or employee could realize – in addition to salary – including medical, life and malpractice insurance, 401(k) and retirement contributions, career development, paid time off, Medicare, Social Security & more.
30% – 40% of additional value – on top of cash compensation – is the amount that a quality benefits program can provide for candidates and their families.
69% of top performing companies made Total Rewards an area of strategic focus.
Source: Total Rewards Survey by consulting firm Aon Hewitt.
Learn more about Total Rewards Statements
Employee Benefits Depot
Customized Benefits Communication Websites
Customized, employer-branded websites. Your benefits “headquarters.” Access to all employee benefit plan information – from all carriers – with video tutorials. Cost summaries, outlines of coverage, forms, documents, handbooks and links to providers, reducing calls to HR, admin tasks and paperwork.
-
Reduce Paper. Enhance Communication. Cut Costs.
-
Partner with HR to automate time-consuming tasks – move from Transactional to Strategic, increasing productivity.
-
Optional: Online Enrollment contact us to find out more
-
Save $300 per employee per year in admin costs with an online employee benefits system. See the ROI study regarding Online Benefits System.
⇒ Request a demo of sample Employee Benefits Depot
Financial Learning Center
The Financial Learning Center includes a library of articles, calculators, audio and video tutorials, courses and links to hundreds of websites on virtually any life stage and life event issue.
From pre-teen to retirement, the Financial Learning Center is your personal financial resource headquarters.
Here you’ll find comprehensive material on topics including Money Management, Credit & Debt, Insurance, Saving & Investing, Home Ownership, Retirement Planning and Estate Planning.
Health, Nutrition and Elder Care issues are included as well as robust sections that address the complexities of Medicare and Social Security.
Access to a licensed financial professional is an email or phone call away.
The Financial Learning Center helps reduce stress as employees face family life events issues and complex financial decisions.
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e-Newsletters: Sent regularly to employees and address timely personal financial topics.
Career Transition Strategies
Retiring or Leaving Your Job?
Provides education, guidance and financial services for employees who are retiring or changing jobs and need assistance concerning their retirement plan distribution options, insurance benefits, and available government programs. Topics include:
-
Preparing to Live in Retirement
-
Retiring or Leaving Your Job?
-
Rollover Action Package
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Health / Medical
Each departing associate has the option to meet with a licensed professional adviser to evaluate job transition options and strategies. Checklists, worksheets, articles, and links to dozens of educational sites address the multiple financial and lifestyle concerns facing individuals and families during this unsettling time of change.
Insurance Store
As a supplement to your employer – provided group insurance, the Insurance & Financial Store is available to all FBN members, family and friends.
It’s now easy to purchase your personal insurance plans online while also having access to a licensed insurance professional to help explain plan options.
Videos and articles explain the different types of insurance coverage – life, disability, vision, dental, medical, long term care and medicare supplement.
Click here to visit the Insurance & Financial Store.
Financial Coaching
Watch the brief video How FBN Works
How the Program Works
The Basic Plan includes:
♦ Employee Benefits Depot
♦ Financial Learning Center
♦ Career Transition Strategies
♦ Insurance Store
Options include:
♦ Total Rewards Statements
♦ Online Enrollment
An introduction to the FBN modules:
Total Rewards Statements
The Total Rewards Statement is a customized report reflecting the full monetized value of an individual’s potential compensation package – the “hidden paycheck.”
It is a dynamic sales tool for recruiters and a great retention tool for current employees.
An itemized snapshot of the cash value of each benefit that a candidate or employee could realize – in addition to salary – including medical, life and malpractice insurance, 401(k) and retirement contributions, career development, paid time off, Medicare, Social Security & more.
30% – 40% of additional value – on top of cash compensation – is the amount that a quality benefits program can provide for candidates and their families.
69% of top performing companies made Total Rewards an area of strategic focus.
Source: Total Rewards Survey by consulting firm Aon Hewitt.
Learn more about Total Rewards Statements
Customized Benefits Communication Websites
⇒ Request a demo of sample Employee Benefits Depot
Customized, employer-branded websites. Your benefits “headquarters.” Access to all employee benefit plan information – from all carriers – with video tutorials. Cost summaries, outlines of coverage, forms, documents, handbooks and links to providers, reducing calls to HR, admin tasks and paperwork.
-
Reduce Paper. Enhance Communication. Cut Costs.
-
Partner with HR to automate time-consuming tasks – move from Transactional to Strategic, increasing productivity.
-
Optional: Online Enrollment contact us to find out more
-
Save $300 per employee per year in admin costs with an online employee benefits system. See the ROI study regarding Online Benefits System.
The Financial Learning Center includes a library of articles, calculators, audio and video tutorials, courses and links to hundreds of websites on virtually any life stage and life event issue.
From pre-teen to retirement, the Financial Learning Center is your personal financial resource headquarters.
Here you’ll find comprehensive material on topics including Money Management, Credit & Debt, Insurance, Saving & Investing, Home Ownership, Retirement Planning and Estate Planning.
Health, Nutrition and Elder Care issues are included as well as robust sections that address the complexities of Medicare and Social Security.
Access to a licensed financial professional is an email or phone call away.
The Financial Learning Center helps reduce stress as employees face family life events issues and complex financial decisions.
-
e-Newsletters: Sent regularly to employees and address timely personal financial topics.
-
e-Newsletters: Sent regularly to employees and address timely personal financial topics.
Retiring or Leaving Your Job?
Provides education, guidance and financial services for employees who are retiring or changing jobs and need assistance concerning their retirement plan distribution options, insurance benefits, and available government programs. Topics include:
-
Preparing to Live in Retirement
-
Retiring or Leaving Your Job?
-
Rollover Action Package
-
Health / Medical
Each departing associate has the option to meet with a licensed professional adviser to evaluate job transition options and strategies. Checklists, worksheets, articles, and links to dozens of educational sites address the multiple financial and lifestyle concerns facing individuals and families during this unsettling time of change.
As a supplement to your employer – provided group insurance, the Insurance & Financial Store is available to all FBN members, family and friends.
It’s now easy to purchase your personal insurance plans online while also having access to a licensed insurance professional to help explain plan options.
Videos and articles explain the different types of insurance coverage – life, disability, vision, dental, medical, long term care and medicare supplement.
Click here to visit the Insurance & Financial Store.
The Need for Financial Coaching
If you’re in a hole, you have to believe you can climb out. You have to take responsibility for whatever you can do to lift yourself up. You can learn to make better financial decisions so that you can maximize the money you do have. You can climb out of the hole by getting some financial coaching.
Source: Dig out of debt with a financial coach by Michelle Singletary, Washington Post April 8, 2015.
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Increased Employee Productivity. Fewer 401(k) loan requests.
• 85% of employers say employees participating in financial wellness programs showed more productivity at work. Source: FinFit
• Nearly half of the employers polled indicated a significant reduction in employee requests for 401(k) loans since implementing the program. Source: Employee Benefit News online article by Nick Otto, September 19, 2014
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FBN has partnered with a national financial firm to help individuals and families address the need for improved employee financial wellness.
⇒ Take Action: Click here to learn more about how a Financial Coach can benefit your organization.
♠ Finances are the leading cause of stress outside the workplace. This impacts the bottom line through presenteeism, turnover and poor morale.
♠ Employers that engaged a coach have seen results that include a 30% reduction in 401(k) loans, 8% reduction in turnover, and an increase in emergency funds from 8%-86%.
How your organization can benefit by partnering with a Financial Coach:
♦ Consider us personal trainers for your financial health. Similar to how a personal trainer works one-on-one with clients to create customized solutions to meet their specific health needs, a financial coach helps you get from where you are to where you want to be.
♦ Imagine the loyalty of your clients, employees and associates when you provide them with access to a financial coaching team that provides the peace of mind that comes with taking control of finances and living with a plan for the future.
~ Bridging Personal Finances with Employee Benefits ~
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